About this item
We are well aware of the rise of the 1% as the rapid growth of economic inequality has put the majority of the world's wealth in the pockets of fewer and fewer. One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world's wealth hidden in tax havens - in countries like Switzerland, Luxembourg, and the Cayman Islands - this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world's assets are currently hidden - until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world's money held in tax havens. And it's staggering.
About the Author
Gabriel Zucman, born in Paris in 1986, is professor of economics and public policy at the University of California, Berkeley. His research analyzes the accumulation and distribution of wealth through global and historical perspectives. In 2019, he was awarded the Bernácer Prize and a Sloan Research Fellowship. His first book, The Hidden Wealth of Nations: The Scourge of Tax Havens, has been translated into eighteen languages. With Emmanuel Saez, he is the co-author of The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay (WW Norton, October 2019) .
